The most common and most likely answer to this crossword clue is the 8 letter word CASHMERE
I've seen this crossword clue in The Times
C
A
S
H
M
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More clues leading to the result CASHMERE
- Fabric in green, pure and simple
- Woollen material and money found by lake
- Embroidered mesh in mind for expensive cloth
- Scratch plain fabric
- Fabric caught on tree over pond
- Just after money for expensive fabric
- A schemer alters this material
- Money gets plain wool
- Search me roughly for fine material
- Money, only material
Buddy explains!

The straight part
We know that "Fabric" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fabric = cashmere.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does CASHMERE mean?
CASHMERE noun- Fine, downy wool from beneath the outer hair of the Cashmere goat.
- A soft fabric made of this wool.
- A rich kind of shawl made from this wool.
- (by extension) Any similar shawl.